The London open
EURUSD
Time frame: 1 hour
Trend: Up
Outlook: The layered moving averages have just turned positive
Probable scenario: Long above 1.2864
Alternate scenario: Awaiting short set up
Intraday levels: Open: 1.2847, R1 1.2887, R2 1.2927, S1 1.2807, S2 1.2767
GBPUSD
Time frame: 1 hour
Trend: Up
Outlook: The layered moving averages have just turned positive
Probable scenario: Awaiting long set up
Alternate scenario: Short beneath 1.6322
Intraday levels: Open: 1.6360, R1 1.6420, R2 1.6481, S1 1.6299, S2 1.6238
USDJPY
Time frame: 1 hour
Trend: Down
Outlook: USDJPY is trading down and away from the negatively layered moving averages
Probable scenario: Short beneath 108.59
Alternate scenario: Long above 108.86
Intraday levels: Open: 108.82, R1 109.16, R2 109.49, S1 108.47, S2 108.14
USDCHF
Time frame: 1 hour
Trend: Down
Outlook: The layered moving averages have just turned negative
Probable scenario: Short beneath 0.9384
Alternate scenario: Awaiting long set up
Intraday levels: Open: 0.9399, R1 0.9432, R2 0.9464, S1 0.9367, S2 0.9334